TD Bank Group CEO to Retire

TD Bank Group (NYSE: TD  ) will see a leadership change next year. CEO Ed Clark has announced his retirement, effective Nov. 1, 2014. He will be replaced by Bharat Masrani, currently group head for U.S. personal and commercial banking and president and CEO of the group's namesake bank. Prior to his accession to CEO, Masrani will take the post of chief operating officer for the group starting on July 1 of this year.

Clark, who upon departure will have served 12 years as CEO, is also a board member at the company. He will continue to serve in this capacity until the firm's 2015 annual meeting.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2345097, ~/Articles/ArticleHandler.aspx, 4/19/2014 3:16:58 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

TREND TRACKER: Get Rich When the Web Goes Dark

It's time to say "goodbye" to your Internet! One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it "transformative"... but you'll probably just call it "how I made my millions." Big money is already on the move. Don't be too late to the party – find out the 1 stock to own when the Web goes dark.